The analysts forecast the Global Retail IT Spending market will grow at
a CAGR of 4.10 percent over the period 2013-2018.

Cloud computing refers to accessing resources operated by a third-party
provider. With minimal upfront investment, cloud computing provides a
pay-per-use billing model. Currently, cloud computing is the buzzword in
the Technology sector, especially with the majority of large retailers
viewing cloud computing as a priority, while a few others are have
already adopted it or have funds in place for its adoption.

According to the report the growth of the Global Retail Industry IT
Spending market isdriven by several factors. The increased demand for
improved customer interaction is one of the major drivers. Retailers
spend a considerable amount on IT solutions to provide customers with
various facilities that enable them to manage their activities
conveniently, regardless of their location. Another important driver is
technological differentiation because of intense competition.

Further, the report states the global Retail Industry IT Spending market
is facing some serious challenges. One of the key challenges is the lack
of data security in IT systems; retailers are struggling to provide
customers with a secure platform for transactions. Another major
challenge in this market is faltering economic growth in developed
countries.

The report also includes a discussion of the other vendors operating in
this market. The report contains a comprehensive market and vendor
landscape in addition to a SWOT analysis of the key vendors.

The Global Retail IT Spending market is categorized in three
different segments: